 "Deutsche Bank cuts Sensex target to 28,000")
The broader markets have continued to outperform the benchmarks, as Sensex and Nifty are still swinging between the positive and negative zone.
At 12:50 p.m., the S&P BSE Sensex was down by 88 points, or 0.32%, trading at 27,738 level, while Nifty hovered around 8,567, down 24 points.
GAIL has emerged as the biggest gainer on Sensex, shooting up by almost 3%. Other major gainers are ONGC, Power Grid and Mahindra and Mahindra, all posting gains around 1.5%. Cipla, Coal India, and Bharti Airtel are the major losers, going down between 3%-2%.
S&P BSE Midcap and Smallcap posted gains of 1% each.
TVS Srichakra has moved higher to its new high of Rs 4,247, up 16% on the BSE in intra-day trade, in an otherwise subdued market on back of heavy volumes.
TCS, Cipla and SBI have been the most buzzing sticks on BSE in terms of value.
Asian stocks extended losses on Friday as worries about the health of Deutsche Bank weighed on financial shares and as oil prices inched back from near-one month highs on scepticism over OPEC's new plan to curb output.
Japan's Nikkei closed down 1.5% after weaker-than-expected consumption and inflation data. It recorded a loss of 2.6% for the month, but ended the quarter up 5.6%. Hang Sheng fell by 1.6%.
With Reuters inputs
